CubeSmart (CUBE) vs NNN REIT (NNN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
NNN REIT (NNN) has outperformed CubeSmart (CUBE) over the past year, losing 5.7% versus a loss of 7.0%. Over five years, NNN leads with a -13.3% price change compared with -28.5% for CUBE. CubeSmart is the larger company by market cap ($8.43 billion vs $7.58 billion), about 1.1 times the size, while NNN REIT is growing revenue faster (+6.6% vs +5.3%).
On valuation, NNN REIT trades at a lower forward P/E (19.0x vs 23.2x for CubeSmart). NNN REIT offers the higher dividend yield (6.02% vs 5.67%). NNN REIT converts more of its revenue into profit, with a net margin of 42.1% versus 29.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CUBE | NNN |
|---|---|---|
| Share price | $37.23 | $39.84 |
| Market cap | $8.43B | $7.58B |
| 1-day change | -1.40% | -1.65% |
| YTD return | +3.27% | +0.53% |
| 1-year return | -7.02% | -5.68% |
| 5-year return | -28.54% | -13.33% |
| P/E ratio (TTM) | 25.85 | 19.72 |
| Forward P/E | 23.24 | 19.02 |
| EPS (TTM) | $1.44 | $2.02 |
| Dividend yield | 5.67% | 6.02% |
| Annual dividend | $2.11 | $2.40 |
| Revenue (latest FY) | $1.12B | $926.21M |
| Revenue growth (YoY) | +5.33% | +6.55% |
| Net income (latest FY) | $331.32M | $389.78M |
| Gross margin | 68.71% | — |
| Operating margin | — | 63.64% |
| Net margin | 29.50% | 42.08% |
| 52-week high | $43.26 | $50.00 |
| 52-week low | $35.09 | $38.90 |
| Distance from 52-week high | -13.94% | -20.32% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +17.19% | +18.60% |
| Average volume | 2.38M | 1.69M |
| Shares outstanding | 225.16M | 190.25M |
| Employees | 3,121 | 85 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CubeSmart trades at a higher earnings multiple (25.9x vs 19.7x trailing P/E).
- NNN REIT is more profitable, keeping 42.1 cents of every revenue dollar as net income versus 29.5 cents for CubeSmart.
About CubeSmart
CUBE stock →CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers.
Real Estate · Real Estate Investment Trusts · 3,121 employees
About NNN REIT
NNN stock →NNN REIT, Inc. is a REIT that invests in high-quality properties subjected generally to long-term, net leases with minimal ongoing capital expenditures.
Real Estate · Real Estate Investment Trusts · 85 employees
CUBE vs NNN FAQ
Which is bigger, CubeSmart or NNN REIT?
CubeSmart (CUBE) is larger, with a market capitalization of $8.43B compared with $7.58B for NNN REIT (NNN).
Which stock has performed better over the past year, CUBE or NNN?
NNN returned -5.68% over the past 12 months, compared with -7.02% for CUBE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CUBE or NNN?
NNN has the lower trailing P/E at 19.7, versus 25.9 for CUBE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, CubeSmart or NNN REIT?
NNN REIT has the higher yield at 6.02%, compared with 5.67% for CubeSmart.
Are CubeSmart and NNN REIT in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.